A section of the Glencore Merafe Chrome Venture. Glencore reported a strong production performance for the first six months to June 30, 2026, where key assets largely performed in line with expectations.
Glencore’s mining assets performed in line with guidance in the six months to 30 June and copper, zinc, and nickel prices were broadly unchanged, while steelmaking coal prices increased.
The share price increased by 4.38% to R117.61 on the JSE Wednesday afternoon, a price that was also 57.3% higher than R74.69 a year ago.
“We are pleased to report a strong production performance for the first six months, where our key assets largely performed in line with expectations. Quarter on quarter, own-sourced production volumes were higher in zinc, nickel, gold, steelmaking coal, and energy coal,” CEO Gary Nagle said in a production report Wednesday.
He said full-year 2026 production guidance for copper, zinc, and nickel was unchanged, while the mid-points of energy and steelmaking coal guidance were up by 1 million tons and down by 1 million tons, respectively.
